British Columbia · NOI
EXTENSION OF PROPOSAL PERIOD Pursuant to subsection 50.4(9) of the BIA, the time for filing a proposal with the Official Receiver in the proceedings of the Debtor, including the stay of proceedings, is extended to and including October 6, 2020. ANCILLARY RELIEF The Trustee is hereby expressly empowered and authorized, but not obligated to do the following where the Trustee considers it necessary or desirable: (a) to take possession of and exercise control over any and all proceeds and receipts of the Debtor, including, but not limited to, any advances made for and on behalf of the Debtor under a written equity undertaking dated as of July 17, 2020 (the “Sponsor Equity Undertaking”), executed by Straight KKM 2 Ltd. (“KKM”) and a consortium of affiliates of KKM (together with KKM, the KKM Group”); and (b) to pay expenses and make disbursements for and on behalf of the Debtor from the receipts held for and on behalf of the Debtor, including any payments on account of the Administration Charge (as defined herein). And, in each case where the Trustee takes any such action or steps, it shall be authorized and empowered to do so for and on behalf of the Debtor. ADMINISTRATION CHARGE Counsel to the Debtor, the Trustee and any counsel to the Trustee shall be paid their reasonable fees and disbursements, in each case at their standard rates and charges, by the Debtor as part of the costs of these proceedings. The Debtor is authorized and directed to pay the accounts of the counsel for the Debtor, the Trustee and counsel for the Trustee, if any
Order (other) · 25 August 2020
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